Darb Saudi Seeks Recovery in Trading
Darb Saudi Investment Company's stock attempted to regain positive momentum, confirming its stability near the main support level at 2.10 riyals with an increase in trading volumes. This enhances the chances of testing a minor resistance level at 2.23 riyals. If the stock succeeds in staying above this level, the outlook suggests continued upward movement toward targets between 2.29 and 2.45 riyals, provided that the support at 2.15 riyals is not broken, as doing so could resume selling pressure. Over the year, the stock has traded within a sideways range between 1.87 and 2.50 riyals. Since the beginning of July, there have been signs of gradual improvement in technical performance, but the overall trend still leans toward being bearish in the medium term.
Notice: This Is an AI-Generated Summary
Comments (0)